CC RESOLUTION 141RESOLUTION NO. 141
A RESOLUTION OF THE BOARD OF TRUSTEES OF
THE CITY OF El SEGUNDO, CALIFORNIA, PROVIDING
FOR THE ISSUANCE OF STREET IMPROVEMENT BONDS
FOR THE WORK OR IMPROVEMENT OF A CERTAIN
PORTION OF GRAND AVENUE AND OF A CERTAIN
PORTION OF RICHMOND STREET WITHIN THE SAID
CITY, AS PROVIDED FOR IN RESOLUTION OF
INTENTION NO. 109, PASSED AND ADOPTED ON THE
26TH DAY OF SEPTEMBER, A. D., 19269 PRESCRIBING
THE DENOMINATIONS OF SUCH BONDS AND OF THE
INTEREST COUPONS ATTACHED THERETO; AND
DIRECTING DELIVERY THEREOF.
WHEREAS, the Board of Trustees of the City of
E1 Segundo, California, did on the 26th day of September,
A. D., 19269 pass its Resolution of Intention No. 109 for
the improvement of a certain portion of Grand Avenue and of
a certain portion of Richmond Street within the said City,
under and pursuant to the provisions of the Improvement Act
of 1911, and the amendments thereto, reference to which said
resolution of intention (which Is now on file in the office
of the City Clerk of said City and open to public inspection)
is hereby expressly made for farther particulars;
AND, NNEREAS, thereafter all necessary resolutions,
notices and other proceedings of said Board were duly and
regularly adopted and taken in said matter; the contract
for said work ar improvement was duly awarded and thereafter
duly completed to the satisfaction of the Superintendent of
Streets of said city and of this Board; whereupon a warrant,
diagram and assessment were made, recorded and delivered
to the contractor in time, form and manner as required by
said act; and the contractor having made due return
0
1-
thereon, and the same having been duly reoorded;
AND, WBEREAS, on the 14th day of Jane, A. D.,
1926, the Street Superintendent of said city made and
filed with the Clerk of this Board a complete list of all
the assessments unpaid thereunder, showing the respeotive
assessment or diagram numbers of suoh unpaid assessments;
the lots or paroele of land desoribed in eaoh of snoh
respeotive assessments, and the respective amounts of esoh
suoh unpaid assessusat; said list also showing the total
or aggregate amount of snoh unpaid assessments to be the
sum of Six Thousand Seven Hundred Three sad 47/100 Dollars
($6,703.47), whereupon said Clerk gave notice of the filing
of said list, and fixed in said notioe Friday, the 2nd day
of July, 1986, at the hour of 7:30 o'olook P. H. of said
day as the time when interested persons might appear before
the Board of Trustees in the Counoil Chamber of the City
Hall of said pity, and shat osuse why bonds should not be
issued upon the seourity of the unpaid assesss�eants shown
on said list, said time being at a regular meeting of said
Board held on said date, and no protests or obJeotions
having been made in the said matter, and there therefore
being no suoh protests or obJeotions to pass upon; and
Assessments Nos. 1, 29 17, 180 199 20, 899 379 38, 539 579 259
68 and 69 in the aggregate amount of One Thousand Five
Hundred Five and 60/100 Dollars ($1,505.60) having oeen
paid after the filing of said unpaid a.ssesamant list$ and
prior to the said hearing on the 2n4 day of July, 1926:
NOWP THEREFORE, it is hereby determined that the
assessments now remaining unpaid under said prooeedings,
and the aggregate amount of the same are as follows:
0
ASST.
NO. BLOCS LOT AMOUNT
3 Block 43, B1 Segundo Sheet
No, 3, Map Book 20, Pages 22
dnd 23 24 $239.56
5 Block 229 E1 Segundo Shoot
No, 1, Yap Book 18, Page 69 26 239.56
6 " 1 7
Em
3b .84
7
"
2
85.54
8
"
3
85.54
9
"
4
85.54
10
5
85.54
11
If
6
85.54
12
"
7
85.54
13
"
8
85.54
14
"
9
85.54
15
If
10
85.54
16
It
11
85.54
21
Block
119 B1 Segundo Sheet
No. 10
Yap Book 181 Page 69
3
85.54
22
"
4
85.54
26
"
8
85.54
27
"
9
85.54
28
"
10
85.54
30
"
12
85.54
31
"
13
85.54
32
"
14
85.54
34
If
16
85.54
35
"
17
85.54
36
"
18
85.54
39
Block
129 El Segundo Sheet
No. It
Map Book 18, Page 69
12
85.54
40
It
13
85.b4
41
IF
14
85.54
42
If
15
85.54
43
"
16
85.54
Em
ASST.
NO.
BLOCS
LOT
AMOUNT
44
Blook 12, E1 Segundo Sheet
No. 1, Hap Book 18, Page 69
17
85.54
45
"
18
85.54
46
"
19
85.54
48
"
21
85.54
49
"
22
85.64
50
"
23
85654
51
"
24
85054
52
"
25
85.54
54
"
27
85.54
55
"
28
85.54
56
"
29
85.54
58
"
31
85.54
59
Blook 219 B1 Segundo Shoot
No. 19 Hap Book 18, Page 69
9
Exempt
60
"
10
Exempt
61
"
it
Exempt
62
"
12
85.54
63
"
13
85.54
64
"
14
85.54
65
"
15
85.54
66
"
16
85.54
70
"
20
85.54
71
"
21
357059
72
"
1
239.56
TOTAL
$50197.87
AND, WHEREAS, the tota-1 or aggregate amount of
said assesemente so unpaid is the sum of Pive Thousand One
Hundred Ninety -Seven and 87/100 Dollars ($5,197.87) and it
is so found to be by this Board:
4-
NON, THEREFORE, in consideration of the
foregoing premises, the Board of Trustees of the City
of E1 Segundo, California, do further resolve, declare,
determine and order as follows:
SECTION 1. That bonds shall be issued upon
the security of the said unpaid assessments to said
amount of Five Thousand One Hundred Ninety -Seven and
87/100 Dollars ($5,197.87), in accordance with the pro-
visions of said "Improvement Act of 1911 ", and amendments
thereto, and of that certain act of the Legislature of
the State of California, commonly known, designated and
referred to as the "Improvement Bond Act of 1915 ", and
amendments thereto, and under and pursuant to the
resolutions, notices and proceedings of this Board, duly
adopted and taken in said matter; that said bonds shall
be called "Improvement Bonds ", shall be ten (10) in
number; shall be dated the 2nd day of Jaly, A. D., 19269
being the date of the adoption of this resolution, and
shall bear interest at the rate of seven per cent per
annum from the 14th day of June, A. D., 1926, being the
date of the filing with the City Clerk of the Street
Superintendent's List of Unpaid Assessments relating to
the within matter, and that the denominations of said
bonds and the interest coupons required to be attached
thereto, with their respective numbers and dates of
maturity are as follows:
SERIES NUMBER DENOMI- AMOUNT OF AMOUNT OF DATE OF
NATION FIRST SEMI - ANNUAL MATUR-
INTEREST INTEREST ITY
COUPON COUPON
"A" under Resolu-
tion of Intention
No. 109 1 $519.78 $20.41 $18.20 Jaly 20 1927
"B" under Resolu-
tion of Intention
No. 109 1 $519.78 $20.41 $18.20 July 20 1928
5-
SERIES NUIMER DENOMI- AMOUNT OF AMOUNT OF DATE OF
NATION FIRST SEMI - ANNUAL MATUR-
INTEREST INTEREST ITY
COUPON COUPON
"C" under Resolu-
tion of Intention
No. 109
1
$519.78
$20.41
$18.20
July
2,
1929
"D" under Resolu-
tion of Intention
No. 109
1
$519.78
$20.41
$18.20
July
29
1980
"E" undo r Re a olu-
tion of Intention
No. 109
1
1519.78
$20.41
$18.20
July
2,
1981
"F" under Resolu-
tion of Intention
No. 109
1
$519.78
$20.41
$18.20
Daly
29
1952
"a" under Resolu-
tion of Intention
No. 109
1
$519.78
$20.41
$18.20
July
2,
1955
"S" under Resolu-
tion of Intention
No. 109
1
$519.78
$20.41
$18.20
July
20
1954
"I" under Resolu-
tion of Intention
No. 109
1
$519.78
$20.41
$18.20
July
2,
1985
"J" under Resolu-
tion of Intention
No. 109 1 $519.85 $20.41 $18.20 July 2, 1956
SECTION 2. That said bonds shall be issued in
series, and the assessments remaining unpaid at the date
hereof, as hereinabove determined by said Board of Trustees
(City Council) of said city, together with interest thereon,
shall remain and constitute a trust fund for the redemption
and payment of said bonds and of the interest which mqr be
due thereon, which unpaid assessments shall be payable in
annual series corresponding in number to the number of
series of bonds, aid such proportion of each assessment
coming due in any year, together with the annual interest
thereon, shall in turn be payable in installments as the
general municipal taxes of the said City of E1 Segundo on
real property are payable, and sball become delinquent at
the same times arm in the same proportionate amounts, and
M
bear the same proportionate penalties after delinquency.
That said bonds shall be signed by the Treasur-
er of said City of E1 Segundo, and countersigned by the
City Clerk thereof, who shall affix thereto the official
seal of said city; that the interest coupons affixed
thereto shall be signed by the Treasurer of said city, or
bear his engraved or lithographed signature; and that
said bonds shall be substantially in the form set forth
in said "Improvement Bond Act of 1915 ".
The interest coupons attached to each of said
bonds and evidencing the interest to acorns thereon shall
be numbered consecutively, and shall be substantially in
the following form, to -wit:
EL SEGUNDO, CAL.
The sum of Dollars
is payable to bearer it the office of the City
Treasurer 2nd,
out of
Improvement Bond Fund, Series for
semi - annual interest on Street provement Bond
No.
City Treasurer
SECTION S. That the City Clerk of said City be
sad he is hereby authorized and directed to deliver forth-
with the bonds hereinbefore enumerated to The Elliott-
Horne Co., of Los Angeles, California, assignee of the
Contractor, Los Angeles Electric Works, Ino., of Los Angeles,
California, in fall satisfaction of the balance due upon
their assessment and warrant.
SECTION 4. That the City C1e3k of said city
shall certify to the passage and adoption of this resolu-
tion; shall cause the some to be entered in the Book of
Resolutions of said pity, and shall make a minute of the
adoption thereof in the records of the Board of Trustees
7-
of said oit y in the minutes of the meeting at which
the same is passed and adopted.
Passed, approved and adopted this 2nd day of
July, A. D., 1926.
President of the Board of Trustees
of the City of El Segundo, California,
(SEAL)
STATE OF CALIFORNIA )
)
COUNTY OF LOS ANGELES ) SS.
CITY OF EL SEGUNDO )
I, viotor D. MoCarthy, City Clerk of the City
of El Segundo, CaliZzaia, do hereby certify that the
whole number of members of the Board of Trustees of the
said oity is five; that the foregoing resolution, being
Resolution No. 141, was passed and adopted by the said
Board of Trustees approved mad signed by the President
of said Board, and attested by the City Clerk of said
pity, all at a regular meeting of the said Board held
on the 2nd day of July, 1926, and that the same was so
passed and adopted by the following vote:
AYES: TRUSTEES Cannon, Gerop, Krbwel, Lore and Binder
NOES: TRUSTEES None ;
ABSENT: TRUSTEES None
(SEAL)
Of Mh§ --Q� o f Segundo,
California.
a.